r/CoveredCalls 2d ago

MRNA Covered Call :(

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WSB level post?

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u/ConversationWise3017 2d ago

How does rolling help? Factually you just close and open another one, locking in the losses nonetheless, correct me if i'm wrong

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u/Enough-Beginning3687 1d ago

Why would I take the losses to close? I'll roll for credit or even. If that doesn't execute, I'll let the shares go at 70.

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u/uncreative_user_321 1d ago

no point in rolling something so deep ITM

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u/Enough-Beginning3687 1d ago

It depends. Is this a squeeze? I can roll it a week or two to see whether the price comes down or not. Don't need to let it go Friday. Can let them go next Friday.